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-fire intensifies, israel's foreign minister says he sought a long term arrangement arguing any discussion must begin with gaza agreeing to stop all fire into israel. are we going to see more of a premium put into global risk trades now, as well? >> the oil price is the real issue here and that is the factor that could make or break global growth. we've seen a fairly reasonable decline over the past you few months in response to the slower global growth story. if you start increasing the oil price because of tensions in the middle east, and the moves we've seen so far are not substantial, but if we start getting towards $95, $100 a barrel, that starts to put even more economic headwind in you like in the way of the world and that would be a very bad thing. i think it's likely to remain a relatively localized conflict. the risk is if it broadens out further, we still have the issue of iran and what would happen there. something happening there could see the oil price spike to 140, 150. >> i hear what you're saying it potentially remaining ale loized issue in israel, but at the same time, i was s
today as violence between israel and the palestinians escalated. tenks of course flaming concerns about supply disruptions. ands you can see, wti crude trading at 87.83. as for the broader markets, you'll see the the dow futures are indicated higher by about 70 points. s&p futures indicated by over 9 points. but this is coming as stocks are coming off four straight weeks of declines. at this point the dow is down more than 7% for the last month. largely because concerns about the standoff in washington over how to deal with the fiscal cliff. well talk about all of these issues at play with two special guest hosts. wharton professor of finance jeremy siegel and trusted american businessman steve forbes. both onset and ready to start this discussion at 6:00. first, though, andrew has a few of the top business headlines. >>> let's talk about some of the headlines this morning. cisco systems buying cloud network start up meraki for $1.2 billion in cash. it was founded in 2006 by members of m.i.t.'s laboratory for computer science. joe, i don't know if you take credit for any of that. bp pla
recovery. >> international pressure mounts for israel and gaza to agree to a cease-fire after a weekend of air strikes leave a dozen dead and hundreds injured. brent continues to climb with gold going higher. >> the president and congress will strike a deal to restore the fiscal cliff. over the weekend in asia, the president said he's confident we can get the fiscal situation confident and reached out to ceos including tim cook, warren buffett and jamie dimon. after top house and senate leaders say friday's meeting was constructive. we see headlines that may bring news to other companies. intel ceo paul otellini to retire. >> during this period where a lot of companies moved toward mobile, was not pioneer mobile. arm holdings to go a bunch of shares. this may be a positive -- viewed as positive for intel. >> they will conduct a search or process to choose otellini's successor. will consider internal and external candidates. he's been at the company for 40 years. only the fifth ceo in 50 years. a company has had long service from those in its ceo position. again, he will step down at the
.s. and the fact we're still waiting to see what wloo this truce holds between israel and hamas, all of these are factors traders are watching. natural gas is the big story in the energy complex because it fell by more than 4%. the biggest plunge in 15 weeks. traders looked at the map of the country and saw warmer temperature as head. a reason for selling pressure. back to you. >> sharon, thank you very much. let's get to this stock that just will not die. we're talking about research in motion. shares have been higher after cibc raised its rating on the company. it's the latest upgrade for this left for dead stock, which rallied over 50% in a month ahead of its new operating system launch. so, can r.i.m. still run higher? that's what we're talking about. talking numbers with these two gentlemen on the technical side, carter worth on appearen hirm, steve cortez. carter, technically speaking, you like r.i.m., don't you? >> sure. here's the thing, this company makes no money. they're projected to make no money. it's the greatest boom and bust story ever. in the last five years it's dro
with israel and hamas, okay? then the next thing we hear is he's giving himself, morsi that is, he's giving himself all these new powers and knocking down the judiciary which kind of, you know, smacks of authoritarianism. i thought the timing was very unfortunate, and i think a lot of people in the senate are going to make a big deal in the senate about it. >> clearly they don't have to make a big deal because morsi has already recognized he overstepped himself and is now pulling back. i don't know what the longer term will be, but it did show that he's a new power that has to be reckoned with in the israeli/arab dynamic in a way that as we're falling back, i mean, president obama has, unfortunately, lost credibility. morsi had already cut this deal for the cease-fire and he waited until secretary of state was there because no one wanted to embarrass the united states, but we weren't pivotal to it, so president obama has -- has an uphill climb ahead of him if he's going to get back in a position of power in the israeli/arab dynamic. >> all right. we'll leave it there. many things, former se
're looking at oil prices that are lower. the truce is holding between israel and hamas and that's something that's perhaps putting some pressure on prices. the cease-fire holding and the fact that we are looking at some weakness here in the euro and traders continue to eye what is happening there in the eurozone over the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas down about 4%. warmer temperatures ahead for the month of december. that is what's pressuring the nat gas market. back to you, david. >> now i want to resist a story we brought to you on friday and it continues. not
Search Results 0 to 5 of about 6